PWG CONNECTIONS LTD

Company Registration Number:
06237465 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

PWG CONNECTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

PWG CONNECTIONS LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 483,775 413,159
Total fixed assets: 483,775 413,159
Current assets
Stocks: 52,475 238,592
Debtors:   1,025,499 627,412
Cash at bank and in hand: 529,386 902,574
Total current assets: 1,607,360 1,768,578
Creditors: amounts falling due within one year:   (932,990) (1,326,630)
Net current assets (liabilities): 674,370 441,948
Total assets less current liabilities: 1,158,145 855,107
Creditors: amounts falling due after more than one year:   (20,000) (30,000)
Total net assets (liabilities): 1,138,145 825,107
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,138,045 825,007
Shareholders funds: 1,138,145 825,107

The notes form part of these financial statements

PWG CONNECTIONS LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: P Groves
Status: Director

The notes form part of these financial statements

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 15% reducing balanceFittings fixtures and equipment - 15% reducing balanceMotor vehicles - 25% reducing balance

Other accounting policies

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 28 29

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 637,242
Additions 267,248
Disposals (128,920)
At 31 May 2023 775,570
Depreciation
At 01 June 2022 224,083
Charge for year 110,260
On disposals (42,548)
At 31 May 2023 291,795
Net book value
At 31 May 2023 483,775
At 31 May 2022 413,159

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Related party transactions

Name of the related party: S3NVentus Ltd
Relationship:
A company in which Mr P Groves is a shareholder
Description of the Transaction: The transaction was monies advanced.
£
Balance at 01 June 2022 500
Balance at 31 May 2023 160,357